BTC / USD found technical support at 38816: Sally Ho technical analysis 28 May 2021 BTC

Bitcoin (BTC / USD) stopped its rise in the early hours of today's Asian session as the pair fell to 39540 after trading at 40440.95 in the North American session; 37191.99 damping range. The pair traded lower to the 37509.60 area during the European session and stops were selected in the 40106.41 area, representing a 78.6% retracement of the depreciation range between 40900 and 37191.99. Downward price targets, including areas 40418.15 and 32856, levels related to selling pressure emerging around the 64899 area. During the last crash, 30,000 were selected from the 31112.66 area, which corresponds to 78.6% of the rating range 21,913.84-64,899. Many technical support levels due to past ranges fell during recent sharp declines, including areas 51375, 51245, 50527, 48478, 47698, 47136, 41581, 40303 and 39604. The upward retracement levels and potential technical resistance areas are 44796.10, 48287.98, 52608.44 and 53259.47. The recent highest level of 64899 represented a test of the 64835.59 zone; this is an upward price target that is technically important, based on the buying pressure that arises around the 16200 area. Possible technical support areas include levels 29156, 28747.28, 28387, 27706.27, 27317.26, 27175.66, 26621.59, and 26249. Traders stated that the MA of 50 bar (4 hours) is down to 200 bar (4 hours) and the MA is below 100 bar (4 hours). It also indicates an increase above 50 bar MA (per hour), 100 bar MA (per hour) and 200 bar MA (per hour). The price activity is closest to the 50 bar (4 hours) MA at 38122.64 and the 50 bar MA (per hour) at 38875.15. Technical support expected around 29156 / 28747.28 / 27706.27, with expected shutdowns

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